Thu 12/22/2022 09:37 AM
Sberbank subsidiary SBK ART, which holds a 43% share in Croatian retail and food-producing group Fortenova, was
sanctioned on Dec. 16 by the EU after a request from Croatia’s government, according to Croatia’s State Secretary at the Ministry of Foreign Affairs, Frane Matusic.
Sberbank, sanctioned by the EU in response to Russia’s full-scale invasion of Ukraine,
claimed in November that it had sold its entire Fortenova stake, obtained in the 2017 debt restructuring, to UAE financier Saif...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.